Third-Party Accredited Investor Verification Letter for a Rule 506(c) Offering | Practical Law

Third-Party Accredited Investor Verification Letter for a Rule 506(c) Offering | Practical Law

A letter to be delivered by a registered broker-dealer, registered investment adviser, licensed attorney, or certified public accountant to assist the issuer in a Rule 506(c) offering in taking the necessary "reasonable steps" to verify the accredited investor status of a prospective purchaser. The letter is based in part on the safe harbor provision of Rule 506(c)(2)(ii)(C). This Standard Document has integrated notes with important explanations and drafting tips.

Third-Party Accredited Investor Verification Letter for a Rule 506(c) Offering

Practical Law Standard Document 0-563-8165 (Approx. 11 pages)

Third-Party Accredited Investor Verification Letter for a Rule 506(c) Offering

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
A letter to be delivered by a registered broker-dealer, registered investment adviser, licensed attorney, or certified public accountant to assist the issuer in a Rule 506(c) offering in taking the necessary "reasonable steps" to verify the accredited investor status of a prospective purchaser. The letter is based in part on the safe harbor provision of Rule 506(c)(2)(ii)(C). This Standard Document has integrated notes with important explanations and drafting tips.